Operations and financial review (continued) Figure 3. Reefton tenement map. Global Mineral Resource Estimate Siren’s Global Mineral Resource Estimate (MRE) increased to 10.2Mt @ 3.0g/t Au for 994koz (100% basis) at a 1.5g/t Au cut-off during 2022. The Alexander River InferredMRE is estimated at 1.07Mt @ 5.0g/t Au for 170koz at a 1.5g/t cut-off and the Sams Creek Indicated and Inferred MRE is estimated at 9.1Mt @ 2.8g/t Au for 824koz at a 1.5g/t cut-off (Table 2). Directors’ Report for the year ended 31 December 2022 Annual Report 2022 7
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